Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
DATA REACT
UK flash August PMI figures (55.3 manufacturing vs 54.0 exp, 53.3 prior ; 60.1 services vs 57.0 exp, 56.5 prior) were reflective of a "sharp and accelerated increase in business activity in August", per IHS Markit, with the Composite number the highest since Oct 2013 (60.3). More from that release:
- On orderbooks: "Total volumes of new work expanded for the second month running in August, with the latest increase the fastest since July 2014...Survey respondents often commented on the restart of projects delayed during the public health emergency, but continued to note that levels of demand remained well below those seen prior to the pandemic."
- On jobs: "In contrast to the positive trends for output and new orders, latest data indicated the fastest pace of decline in employment numbers...primarily attributed to redundancy programmes in response to depleted volumes of work and the need to reduce overheads before the government's job retention scheme winds down. "
- On inflation: "rate of inflation eased... higher fuel bills and rising costs for imported items had pushed up operating expenses, which was only partially offset by higher average prices charged"
- On expectations: "The index measuring growth projections for the next 12 months dipped for the first time since March, with some survey respondents citing concerns that the recovery will be slower than first expected."
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok